Question 1

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

Options :

A : Intercompany invoicing must be enabled in Payables Invoice Options.

B : Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

C : Intercompany invoicing must be enabled in Receivables System Options.

D : Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.

Answer: D

Question 2

What are the two places where Receivables can look for the ''Match Receipts By'' setting when applying manual customer receipts? (Choose two.)

Options :

A : Receipt Method

B : Profile option

C : Customer

D : AutoMatch Rule

E : System Options

Answer: A

Question 3

Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.What will be the resulting tax and invoice amounts for your tax invoice?

Options :

A : state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.

B : state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.

C : state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.

D : state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.

E : state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.

Answer: A

Question 4

Which two statements are true about configuring Collection Strategies?

Options :

A : You need to create Scoring Formulae (or use predefined Scoring Formulas).

B : You need to define an Aging Method that meets the requirements of your organization.

C : You need to SGI the (Collections Method to Strategies for the relevant business unit.

D : You need to create Strategy Tasks of the type 'Automatic' only.

Answer: A,D

Question 5

In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

Options :

A : by setting SM to 'Requires Complete' and SMM to 'Period'

B : by setting SM to 'Allow Partial' and SMM to 'Percent'

C : by setting SM to 'Allow Partial' and SMM to 'Period'

D : by setting SM to 'Requires Complete' and SMM to 'Quantity

E : by setting SM to 'Requires Complete' and SMM to 'Percent'

Answer: A,C

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